Announcements Hyperliquid (HYPE): Gate.io Completion of Pre-Market Trading Settlement Results

Hyperliquid (HYPE): Gate.io Completion of Pre-Market Trading Settlement Results

2024-12-23 13:25:25 UTC 19571 Read

HYPE/USDT -2.84%

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Gate.io completed the HYPE PreToken minting order settlement on December 23rd at 10:00 (UTC), and the actual HYPE distribution & stake asset settlement was finalized on December 23rd at 10:30 (UTC).

321.58 Real HYPE tokens have been distributed to users holding HYPE Pretoken at the time of the snapshot, as well as 1,483,834.4470698 USDT pledges for which delivery was not completed on time.

Please visit the “Assets” section and click on “Bills” in the top right corner to view the details of the PreMint settlement statement under “PreMint Settlement Token” and “Staked Assets Settlement.”

Details of Hyperliquid (HYPE) Pre-Market Settlement:
HYPE Point Minted in Total: 22,810,851.76
HYPE Minted in Total (1/100 ratio): 228,108.51 HYPE
HYPE Staked USDT Amount in Total: 1,494,573.2234368 USDT
HYPE Delivered by Minting Users in Total: 321.58 HYPE
Returned Staking Deposits in USDT in Total: 10,738.776367 USDT
Remaining Defaulted Staking Assets in USDT in Total: 1,483,834.4470698 USDT

Example:
If User A held 1,000 HYPE（POINTS） at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = HYPE Snapshot Amount / Total HYPE Minted（POINTS） = 1,000/228,108.51

The amount of HYPE User A is expected to receive is:
HYPE Amount = Distribution Ratio × Total HYPE Delivered = (1,000/22,810,851.76)×321.58 = 0.014 HYPE
The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets =(1,000/22,810,851.76)×1,483,834.4470698 = 65.04 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: <a href="https://www.gate.io/help/pre-market-trading/pre-market/39269" target="_blank" title="">https://www.gate.io/help/pre-market-trading/pre-market/39269</a>

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Gate.io Team
December 23th, 2024

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